Latest / DidiLawren / African Parents in Diaspora Are More Interested in Wealth Display Rather Than Wealth Transfer

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African Parents in Diaspora Are More Interested in Wealth Display Rather Than Wealth Transfer · DidiLawren

• 0:02
  Hello, and welcome back to my channel.
• 0:03
  My name is Lorraine cod4 and this is bunted laurentia.
• 0:07
  For today's episode. I want to talk about the
• 0:09
  priorities of our African parents who are living in
• 0:13
  diaspora these topics that are on social media.
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  When a man posted a video of himself being chased out of the
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  house by his Caribbean wife. He was complaining bitterly that
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  in the Aspera women have the power.
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  We may not The ones that chased me out of the house.
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  But in Nigeria, it is the man that she's the woman out of the
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  house. He said the bills the house
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  together and now she is just throwing him out of the house
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  with just even few suitcases. So and he was talking about he
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  that he's going to tell his story that the wife is this, the
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  wife is that. So people that are having this
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  conversation, somebody said, listen, he knows the family.
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  One of the reasons why the wife is fed up of him is because he
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  has kids in the UK, he is leaving the upkeep of the
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  children to the UK government. So, she is saying, listen, we
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  have this money instead of U building houses in Nigeria,
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  instead of you paying all the school fees of your community.
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  People who are you living your children to take loans, to go to
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  school? Why don't we just put something
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  together that we're going to use to pay their school fees, and he
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  was like, I was trusting ourselves being their school
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  fees when the government when they can get a student loan to
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  go to school. So she said, why do our kids
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  need to get student loans? They are graduating with over
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  50,000 pounds of loans. While the people in Nigeria, you
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  just paying off their school fees.
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  They are graduating starting life with zero loans while your
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  children are saddled with over 50,000 pounds loon.
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  That's why do you want to do that to your children instead of
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  those houses? Your beauty Nigeria instead of
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  the Investments your vision Nigeria.
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  Why don't you invest your children according to this
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  person? The man said that the best
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  investment you could give them, was you having them in the UK.
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  So that is there set for life. You know, he doesn't need to do
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  anything for them. They can take the student loan,
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  go to school, get a good job and start up their life.
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  So this was the issue. They will have been one of these
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  conversations was going on a lady, came out and said, listen,
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  I have a dad and a mom who are both in the medical field.
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  They were any good money. They what they focused on was
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  more importantly, building in Nigeria.
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  They were buying houses to buy land, they were doing all those
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  things. And when it was time for us to
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  go to school, they access to not only get student loan or to get
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  maintenance fee. So at the end of the day, we
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  have all given not even Willing to support us financially, but
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  these are the same people that were paying everybody, school
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  fees in Nigeria. They were paying everybody's
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  accommodation fees, you know, helping us everybody gets their
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  kids in the UK and left in the mercy of the government.
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  This lady said this is why she didn't go to school because she
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  talks about how she's going to get into all these decades
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  before her life even begin. So she was like telling her And
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  if you could help me out, even if it's to get half of this
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  money, I am happy to do that. You pay have so that, at least I
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  will be evil. It would be too much for me and
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  the parents, basically to the you are entitled, we you had a
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  better life than we did. We were able to make good things
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  for ourselves and now you have all the opportunity to do things
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  for yourself. You know, you're still expecting
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  us to pay your school fees. So it was just a background.
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  Forth conversation and I sat down and talked about these
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  things and I'm like, in Nigeria, if you have parents who can
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  afford to pay their children's school fees, I mean people in
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  Nigeria, pay ridiculous amount of school fees to send their
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  children to very good Primary School, very good, secondary
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  school and two public universities.
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  Sometimes this parents, they don't even have much for
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  themselves. They don't have investment.
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  The investment is in their children because they, Leave
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  that you do this children are going to grow up to take care of
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  us, but was the same parents cross over to the UK is, as if
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  the disable of that that does deliver about believe at the
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  airport, when they come to the UK, they think, okay.
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  The best thing I can do for you is to have have, you know, my
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  children here and the government's can do the rest.
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  This is causing a whole lot of damage in our community.
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  This is why Why a lot of African parents, they cannot pass down
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  wealth to their children, you see a lot of them, they are
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  making all their investment in Africa.
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  There was this other lady that said, harmone, you know, how mom
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  is a single mom and she grew up, she the most under any benefits
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  that you could think of she was taking care of collecting
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  everything that she could do, but she was also doing
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  businesses but all the money. She was getting from that
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  business. She was These will Africa.
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  She was building this house. She was reading a human would
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  have time to take care of our because she was running from one
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  evil job or because they you can get a job that they pay you
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  cash. So she said, her mom was busy
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  doing all these things. Her mom didn't even care about
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  her. She said she was the one that
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  struggled to get an education, she got student loan fashion
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  left, the house when she was 18 and she was able to go to
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  Chicago. Just got into Care at some
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  points because even if you're 18, are you cannot take care of
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  yourself, the government is going to take care of you.
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  He said at that point she just got into K.
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  This was the place that you do. The government's actually took
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  full responsibility of her upkeep.
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  They gave our money. They did everything.
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  She was able to go to school. She graduated while the man was
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  busy training, every family member in Nigeria, you know,
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  people are looking at her like this woman is this woman is that
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  While high child is literally suffering in the UK.
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  When she talked to people in Nigeria in her relations are
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  moms, siblings. They tell her you're very
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  selfish. You're already in the UK.
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  Why are you stressing your mom? We in Nigeria was suffering.
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  We need the money more than you need the money since your
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  governments can help you, why don't you go to your government,
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  we in Nigeria, cannot go to our governments because this is how
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  it is, and she said, I was able to get scholarships so she
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  studied very hard. Go scholarship.
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  Few Roots exam, she passed. She got into tertiary
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  institutions, she got her degree and Masters and everything that
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  she needed. Now, the mom everybody that she
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  took care of in Nigeria, they all abandoned her.
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  And now, the mom is expecting her to take care of her.
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  They are saying, our parents are selfish.
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  This is not right. This is not wrong.
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  And for our other friends who may be a white from other
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  Nationals that their parents that are doing where they pay
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  their school fees, they don't allow their children to get to
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  the moon. In fact, they saved our in.
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  When you're graduating, they give you deposit house deposit
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  for you to get a house and start up your life.
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  They are always behind their other friends, who are not of
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  African descent, who are not immigrants.
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  Because these same Parents pay their school fees decent.
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  Parents give them money to buy houses and before they get to
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  30, the already established, they are fine and that is
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  exactly what they're going to do for their own children.
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  So I think after listening to this whole conversation I
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  realized that we have a problem. The question I want to ask is
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  who do we blame the Woodland, our Nigerian or African parents
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  in diaspora who believed that the best we can You is giving
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  birth to you in diaspora now the government's you can the
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  government and take care of you. If you want to go to school even
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  for PhD level, you can always get a loan to take care of
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  yourself as your way to school, you shoot, you're supposed to be
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  working because as long as you're 16 the send you and I so
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  you in you have to stop working from the age of 16.
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  So they believe that even at, you know, going to the
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  university, you have to take care of yourself and And then
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  after graduation, have to get a job to take care of yourself,
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  while you're paying your student loan, and this kids are saying
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  we need help. Instead of all these your
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  investments in Africa invest in US instead of paying every other
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  people school fees in. Nigeria, why don't you pay our
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  school fees? So that when we graduate we
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  don't have this problem. Why don't you save something
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  that I can give us a down payment for a house?
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  That's like everyone I can put that we know so that world's
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  creation can continue. So the question is where are we
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  going? Blame.
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  I will going to blame the African parents living in
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  diaspora who believe that having children in desperate need of
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  giving them the best that they can.
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  And those back home in Africa, need better help than the
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  children here, so they believe that.
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  Okay, you go to do everything. Chase for yourself, get money,
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  take care of yourself and survive.
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  Wow, we believe that those in Africa because of the, you know,
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  little You see that they have, they feel that they need to pay,
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  you know, help them pay school fees and all that.
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  While trying to invest in Africa, how do we solve this
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  problem? How do we help people?
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  Because regardless of whether you are parents in Africa, or
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  your appearance in the UK, I think the best thing that we
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  need to start thinking about is wealth transfer.
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  Well, not just world's creation was transfer.
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  I think was our African parents Focus.
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  Moron is what does wealth creation?
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  But welts display, you know, because if not like, oh I want
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  to show people that I have, I have this success amount of
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  success. And what they do is they go to
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  the Village to put all this money, they were to the Village
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  to do all these things. I'm not saying, you know, this,
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  these are not good Investments but if that investment is not
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  generating any income, if you built a house and it's just
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  sitting down there and it's not Generating an income.
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  How is that? Helping you and your children?
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  How is that helping you? Especially the parents African
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  parents in diaspora? You're not pay your student
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  school fees, and now they are going to touch her institution.
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  I you're happy for them to go get a loan to pay their school
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  fees While You're Building invested in Nigeria and pain.
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  Everybody's confused in. Nigeria, how does that help your
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  children? How does that?
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  Help your children in the future?
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  If your children, are we One down.
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  See we don't know you. We cannot take care of you
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  because we have problems. I hear a lot of people say kids
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  born in diaspora and you don't take care of that parents.
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  Have you actually sat down to think about why these children
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  are not doing too? Is because they are graduating
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  already. They have like 50,000 pounds
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  long that they are taking their going to be servicing on a
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  monthly basis. They're going to get a house
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  that way to start living their life.
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  They are also going to have children.
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  So regardless of what Drn in all this money is coming out of the
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  accounts, they have bills to pay.
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  And then this Terrance thinking, oh, I gave that to you now,
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  you've graduated. Now you have to start giving me
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  all this money and they are saying we don't have all this
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  money, you didn't make life easier for Ross.
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  How can we give you all this money?
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  And these two people, these two generation of people don't even
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  understand each other. Because one is blaming the other
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  and the other is blaming the other.
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  So how do we even start solving this problem?
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  How We communicate and advise these people, I don't know.
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  So I would say leave a comment in the comment section.
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  I like to know what you think. I like to know your views, I
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  want to know how you think that this can be solved.
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  Because if we do not think about world creation, not just wealth
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  creation, or how to transfer World from one generation to the
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  other. What are you living in
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  Desperate? What are you living in Africa?
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  Think about these things. Don't think about.
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  Oh, I don't plant a tree today because I am not going to stay
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  there to enjoy it. Your children are going to enjoy
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  it. Your great-great grandchildren
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  are going to enjoy it and it's not about oh let me do something
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  in the village so that when my children are visiting, they're
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  going to have a place to stay. Love is no investment where they
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  are, that they can actually capitalize on if they cannot
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  capitalize on their investment. The reality is you're
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  terminating with your village. This new generation of I think
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  I'll go to the village and stay. There will tell they don't stay
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  in the house that you built today.
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  So it's more like you just want to show people that you become
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  successful by building the house.
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  How is it helping your generation?
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  I want our African parents to actually sit down and think
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  about these things before you invest, think about your
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  children before you invest. Think about world's creation
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  before you invest in a wealth transfer.
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  Think about how your grandchildren are going to
• 14:00
  benefit from From all these things.
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  Okay? So thank you very much for
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  watching. Today's episode.
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  Bye bye.